Pepper to hike some mortgages to 8% after ECB moves
Group manages up to 100,000 mortgages on behalf of investment funds
Carval
Cerberus, CarVal and Cabot join forces for AIB problem loans bid
Portfolio, dubbed Project Sycamore, is expected is mainly made up of deep-in-default commercial property loans
Pepper to hire 100 people as assets under management surpass €20bn
Company commences recruitment with headcount set to reach 600 by year end
The US factor driving valuations to record levels in Irish M&A market
US presence has grown over the years as their financial firepower makes impact
KBC Bank Ireland accused of showing ‘complete contempt’ for staff
Lender strongly refutes accusation, claims it has offered staff generous redundancy terms
KBC Bank Ireland completes sale of €1.1bn loans portfolio to CarVal
Lender is also in process of selling remaining €9.2bn of Irish loans to Bank of Ireland
Ulster Bank CEO says problem loans sale unlikely before 2023
Almost 300 Ulster Bank staff have left the exiting lender this year
Time to switch? Ulster Bank and KBC push ahead with plans to exit Irish market
‘Don’t leave it to the last minute’ is advice to existing customers
Finance union seeks KBC Ireland mediation over exit concerns
Belgian-owned lender has never recognised Irish unions
AIB lines up €500m Project Bay problem-mortgages sale
Portfolio includes loans deep in arrears and restructured debt underpinned by eased terms
KBC’s sale of bad loans to kick-start wider wave of disposals
Analyst tells clients to expect further nonperforming loan sales in coming months
KBC Bank Ireland sells €1.1bn loans portfolio to private equity giant CarVal
CarVal to acquire non-performing loans as bank advances plans to exit the Irish market
Irish aircraft lessor Aergo Capital targets $2bn fleet by year end
CEO eyes 100-plane fleet as firm cashes in on opportunities created by Covid travel bans
Developer in Anglo bond deal suing Davy and 16 former employees
Patrick Kearney lawsuit comes at sensitive time as suitors bid for stockbroking firm
Arizona firm to buy Irish subprime loans at 75% discount
Goldman Sachs is selling the portfolio of mortgages in arrears to Balbec Capital
Can Davy’s clients stay silent as board goes into conclave?
Staff anger ‘palpable’ at perceived golden circle following €4.1 million fine by regulator
Davy’s secret partnership leaves it fighting biggest crisis in decades
Pressure bears down on stockbroker shrouding itself in ‘vague’ details of scandal
Davy faces serious questions following €4.1m fine
Regulator finds State’s largest stockbroker broke rules and then withheld information
Minister urges clarification from Davy after record €4.1m fine
Top figures at stockbroking firm involved in bond deal that fell foul of conflict of interest rules
Minister ups pressure on Davy after €4.1m fine over bond trade
Case relates to handling of subordinated bonds sale in 2014
Vulture fund managers to follow banks in offering loan payment breaks
Lone Star and Pepper Ireland among firms joining plan for customers hit by Covid-19
Carval subsidiary netted €4.7m profit in 2016 from Irish property loans
Carval one of a number of funds that took over bubble-era property loans in Republic
AIB sues more than twice as many borrowers as Bank of Ireland
Analysis of High Court cases shows Irish banks have scaled back on seeking debt rulings
CarVal pursues Tony Mansfield over property debts
US fund has more than €400,000 of security on Mansfield’s property near Citywest
New Pepper owners may seek to shed Irish assets
Australian non-bank lender is being bought by US private equity firm KKR
Expansion of mortgage-to-rent scheme for troubled borrowers
Seen & Heard: accidental landlords, solar farm, Carton House and Garda cultural audit
Mick Wallace: Vulture funds are cheating us all
State may have lost billions of euro as a result of fire sales of Nama loans to US companies
Vulture funds: Brendan Howlin calls for tighter lobbying regime
Most vulture fund efforts to influence tax clampdown do not need to be declared
‘Vulture funds’ unwilling to opt for return of less than 20%
Private equity firms and hedge funds had smelt blood in 2010 as State entered bailout
AIB steps up High Court pursuit of unsecured borrowers
State-owned bank four times as likely as Bank of Ireland to seek summary judgments
In the news: Arnotts’ bumper year and Clare crematorium
Seen and Heard: Citi prepares to move 900 jobs to Dublin; no January sales in TVs for UK
Aergo Capital appoints Lorraine Carew and Stan Barnes as executives
Appointments bring experience in aviationleasing and finance to company
How do vulture funds exploit tax loopholes?
An alphabet soup of acronyms is how. And the State has vowed to do something about them
Vulture fund clampdown merely ‘cosmetic’, says Sinn Féin
Plans to close loopholes prompt unprecedented lobbying but will raise only €50m
Market nervous as Noonan eyes tax avoidance structures
The ‘come for the rock-bottom prices, stay for the tax breaks’ pitch lured vulture funds to Irish property
John McManus: Outrage over vulture fund tax avoidance rings a little hollow
Charties have been used for years to reduce tax on international deals done from Dublin
US company Cabot goes after Ulster Bank borrowers
High-profile property investors pursued by firm, which bought bank loans portfolio in 2015
SMEs told to seek examinership to block vulture funds
Small firms advised to apply for court protection from owners of loans
Tyrrelstown plight: Big finance in a shell-shocked house market
Irish residents had little reason to fear contact with hedge funds before property crash
Seen & Heard: Homeowners’ complaints sent to Central bank
Also: Vulture funds blitz; Providence seeks farm-out partners; Fastnet to buy Amryt
BOI to acquire stake in Lloyds €1.2bn property sale
Sale of commercial loans will leave Lloyds with ‘minimal’ exposure to Irish assets
Permanent TSB will sell commercial real estate portfolio
Bank to sell €481m in Irish commercial property loans
Goldman Sachs and CarVal buy €2bn Irish portfolio from Lloyds
Loan book with 2,000 accounts will switch from Certus to Pepper Asset Servicing
Three international bidders eye Lloyds €2bn property portfolio
Oaktree Capital, Goldman Sachs and Kildare Partners already active in Irish market
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